Absorption rates are the big story in The Okanagan Shuswap Real Estate Market in September of 2013

The absorption rate is the percentage of the total monthly residential inventory that sold in any particular month. This is the most important statistic to watch when trying to figure out where the market is going. The reason for this is it is a direct indication of supply and demand and that is what drives the prices up or down. When we look at the absorption rates for all 3 regions; the North Okanagan, the Central Okangan and the Shuswap and we compare this past September to September of 2012 the absorption rates have risen 28.9%, 93% and 202% consecutively. This improvement has been building all year. When we look at the entire province of British Columbia Sales are up 43% over sales in September of 2012. This positive pressure will further push the Okanagan Shuswap towards increasing prices in the spring. 

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Bill Hubbard

Bill Hubbard

CENTURY 21 Executives Realty Ltd.
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